275 per cent from its 52-week low: This multibagger micro-cap company bags new order worth Rs 18 crore from Duet India Hotels (Navi Mumbai) Pvt Ltd!

The stock gave multibagger returns of 275 per cent from its 52-week low of Rs 86.10 per share.

Techknowgreen Solutions Limited, one of India's leading environmental consulting companies, has been awarded a significant work order worth Rs 18 crore from Duet India Hotels (Navi Mumbai) Private Limited. The largest since inception, surpassing FY23 turnover of Rs 14.84 crore.

The order encompasses a wide range of services, including environmental due diligence, sustainability evaluation, policy research focused on de-carbonization pathways, environmental auditing and assessment, sensitization and awareness, feasibility analysis for the development of a star category hotel, gap analysis, time limit extension negotiations with MIDC, expert representation and advisory services, efficient procurement of provisional fire NOC and building plan approval, building construction & site development, final fire NOC and building completion certificate.

This order underscores the company's commitment to excellence in addressing diverse needs and adhering to regulatory standards. Covering a substantial area of 7,285 square meters at TTC Industrial, this order encompasses regulatory, environmental, construction, and safety domains. It plays a central role in expanding and diversifying the service portfolio, driving strategic growth. TSL's strategic outsourcing venture aims to elevate its profile, accumulate valuable experience, and cultivate skills for a distinctive and sustainable business model.

Earlier, the company received the work orders from STT Global Data Centres India Private Limited & Cipla Limited. The company received two new work orders total amounting to Rs 3.41 crore (Cipla Ltd order is worth Rs 2.24 crore and the STT Global Data Centres India Pvt Ltd order is worth Rs 1.17 crore).

Today, shares of Techknowgreen Solutions Ltd gained 0.25 per cent to Rs 318 per share with an intraday high of Rs 323.95 and an intraday low of Rs 302.5. The stock gave multibagger returns of 275 per cent from its 52-week low of Rs 86.10 per share.

The stock falls under the S&P BSE SME IPO Index with a market cap of Rs 235 crore. The company reported positive numbers in its half-yearly results and annual results. The shares of the company have an ROE of 91.1 per cent and an ROCE of 83.1 per cent. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.